Captrust Financial Advisors purchased a new position in shares of Fortive Corporation (NYSE:FTV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,319 shares of the technology company’s stock, valued at approximately $147,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hutchens Investment Management Inc raised its holdings in shares of Fortive Corporation by 132.6% during the 1st quarter. Hutchens Investment Management Inc now owns 30,397 shares of the technology company’s stock worth $1,830,000 after acquiring an additional 17,331 shares during the period. Hikari Power Ltd raised its holdings in shares of Fortive Corporation by 34.7% during the 2nd quarter. Hikari Power Ltd now owns 141,700 shares of the technology company’s stock worth $8,977,000 after acquiring an additional 36,500 shares during the period. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Fortive Corporation by 76.2% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 60,850 shares of the technology company’s stock worth $3,664,000 after acquiring an additional 26,311 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Fortive Corporation by 93.9% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 50,600 shares of the technology company’s stock worth $3,050,000 after acquiring an additional 24,500 shares during the period. Finally, Synovus Financial Corp raised its holdings in shares of Fortive Corporation by 23.9% during the 2nd quarter. Synovus Financial Corp now owns 29,587 shares of the technology company’s stock worth $1,872,000 after acquiring an additional 5,715 shares during the period. Institutional investors and hedge funds own 78.70% of the company’s stock.

Shares of Fortive Corporation (NYSE:FTV) opened at 69.36 on Friday. The company’s 50 day moving average price is $68.53 and its 200-day moving average price is $64.06. The firm has a market capitalization of $24.07 billion, a P/E ratio of 27.32 and a beta of 0.27. Fortive Corporation has a 12 month low of $46.81 and a 12 month high of $70.21.

Fortive Corporation (NYSE:FTV) last released its earnings results on Thursday, July 27th. The technology company reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.02. Fortive Corporation had a return on equity of 32.88% and a net margin of 14.02%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts predict that Fortive Corporation will post $2.79 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 25th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.28 annualized dividend and a yield of 0.40%. Fortive Corporation’s dividend payout ratio (DPR) is presently 11.02%.

Several research analysts have recently commented on FTV shares. Zacks Investment Research upgraded Fortive Corporation from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Monday, July 24th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $66.00 price target (up previously from $65.00) on shares of Fortive Corporation in a report on Sunday, July 30th. Morgan Stanley reiterated an “equal weight” rating on shares of Fortive Corporation in a report on Tuesday, July 11th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Fortive Corporation in a report on Monday, May 22nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $62.00 price target on shares of Fortive Corporation in a report on Sunday, July 30th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Fortive Corporation currently has a consensus rating of “Hold” and an average target price of $61.82.

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In related news, CFO Charles E. Mclaughlin sold 6,565 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $66.09, for a total transaction of $433,880.85. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.10% of the company’s stock.

Fortive Corporation Profile

Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies.

Institutional Ownership by Quarter for Fortive Corporation (NYSE:FTV)

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